St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-01-30
ST. PAUL REAL ESTATE
The Sum Total of the Transfers do Not
Appear to Diminish, Notwithstand-
ing the Carnival.
Prices Are Firm and Steady, With a De-
cidedly Upward Tendency and
Good Demand.
Col. j. n. Davidson and the Kansas
City Man Talk Out the Elec-
trio Lights.


City Man Talk Out the Elec-
trio Lights.
Ste Peter Street Properly Increasing
in Value and Becoming Desfra-
bic for Business.
The week just passed closes the carniva
deals are concerned. Considering the ex-
IRENE cold weather and the deep snow of
the month. together with the interruptions
of the carnival festivities. it has been a re-
markedly active month in realty The
records show up we'll for January and it is
anticipated that spring business will open
up lively during the month of February.
The desire for inside business property is
very active and agents have great difficulty
in listing such properties as buyers desire
to secure. The strictly inside property
that could be bought at what has heretofore
been considered reasonable figures has al
ready changed hands once or twice. and is
considerably advanced over the asking
prices of last summer. North of Seventh
street, between Wabasha and Jackson, out
as far as Tenth street, there is a good de-
mand. Cedar street has now OF it the new
GLOBE building, the Union block. the new
court house and city hall, the state capitol
and the new building containing the Edison
electric light plant. There are also some
indications that the contemplated new
building of the Y. NJ. c. A. may also be
able to secure site on that street. These
facts have caused an upward tendency in Ce-
dar street frOntageS. The recent sale of
g. ,ofH A1n I,
streets is supposed to mean a large and
costly Improvement Jackson street is al
ready established as a leading business thor
oughfare. and valuable Improvements ex-
tend out as far as Ninth street. or will,
when Mr.. Dawson's new block, between
Eighth and Ninth streets, is completed.
Edward Langevin who IS the owner of the
old Jackson Street NJ. L. church, on the
corner of Ninth and JackOn, will get pos
session when the new church is completed
and ready for occupancy. He will then
convert the Old church building into a bust
ness structure, and the progress of business
will continue out Jackson street until it
reaches Twelfth, and possibly the foot of
the bluff. Between Jackson and Broad
way great revolution will take place dur
ing the coming season. Ali the streets
within this area are TO be paved, and when
this great improvement is completed a very
much better class of Improvements will
supersede
TIE OLD ROOKERIES
that have so long defaced that section and
rendered the property in that vicinity about
as ValuelesS as property used to be on West
Seventh street. The assessments have all
been paid or put into Judgment for opening
Broadway, from Grove street north to the
hill. AS soon as the frost is out OF the
ground this opening will be made, and then
this grand thoroughfare will take new
impetus forward. The great railroad build
ing on Broadway and Third Streets for
which the piling is now beng put i'll. will
begin to show up early in the spring, to-
are contemplated This street has
naturally commanding position.
and it is likely that those
who have taken hold of it will bring it for
ward to its true position as thorOughfare.
The property lying east of Broadway is also
in good demand. The new cable line to be
built next spring starts at Broadway as the
initial point The secretary of the St.
Paul real estate board, Col. j. Ii. David
son. returned yesterday from Chicago,
where he went as the guest Of
the Chicago real estate board to attend the
fourth annual banquet held at the Palmer
house. Thursday evening. He responded
to a toast TO the ''Twin Cities of the North
Star State.' The president Of the Kansas
City real estate board. q. W. Hutchinson,
was also a guest and he and Col. Davidson
were seated to the left of the president
and as each went loaded with statistics of
their respective cities, there was
considerable competition to see which
could make the best showing.
Mr.. Davidson claimed to represent the
Metropolis Of the Northwest" MI Hutch
inson to represent the Metropolis of the
Southwest" 1t was pretty breezy meet
ing, and it is said that they talked the
electric lights OUT with natural gas.
While it is admitted that business prop
erty is commanding a great deal Of atten
ton. it must not be thought that other
kinds of real estate holdings are falling be-
hind. The fact is, that all descriptions of
property, whether business. residence or
acre tracts are in decided request. each in
its way and all in proportion. There APP
pears to be no special demand for any
kind. but a good and growing one for all
descriptions. The city appears to be
swelling out in such 4 way that more
room must be had. 1t seems
like a quiet, natural growth that is
moving along i'll a steady, firm and rresist-
ible manner. The past week has been
remarkable one and indicates the truth of
the remarkQjuSt made. During the whole
week the ice palace carnival has been at its
height and there has been so much turmoil
and excitement that business has been
almost suspended for good part of the
week. yet, notwithstanding this. the first
tour days of the week showed sales to the
amount of three-quarters of million of
dollars. Friday the office of the register of
deeds was closed at noon. The territory
taken into the city last year, on the east
especially, has been rapidly filling up.
The same may be said of all the
other territory added. perhaps in
a somewhat lesser degree. At any rate.
it is very evident that the city is
rapidly filling up with a new people reQur-
ing new homes and great many of them
The property that is called inside has be.
come altogether too expensive to live ons
and those who come here now and from THE
time forward will be compelled to go some
distance from the center of the city to find
place to live and build home. The in
curry for all this description of property is
very active, and extends to almost every
part of the city in about the same volume
Everywhere preparations for building are to
be observed. During last fall and so far
this winter Day toms bluff has been quite
prominent in its show of improvements
Streets have been opened and graded far
out to the limits of the city, water pipes
have been laid through many of
the streets and sewers are constructed
in various directions. 1t is very
evident that this part Of the city will sooner
or later become, from its location and nat
ural beauty, very important part of the
city. 4 great deal of West side property
has changed hands during the week. and
j. i